Last Updated on October 21, 2022
Median rent for studio apartments in Richmond – $995
Median rent for 1-bedroom apartments in Richmond – $1,200
Median rent for 2-bedroom apartments in Richmond – $1,450
Median rent for 2-bedroom apartments in Richmond – $1,901
Median rent for 1-bedroom houses in Richmond – $1,396
Median rent for 2-bedroom houses in Richmond – $1,500
Median rent for 3-bedroom houses in Richmond – $1,800
Median rent for 4-bedroom houses in Richmond – $2,150
Summary
The median rent for Richmond, VA was 22% more than the median rent for the previous year. Similar to many cities across the United States, the median rent for home rentals is greater than that of apartment rentals in Richmond. This trend has grown even more prevalent with the increase in demand for single-family rentals. However, the median cost of rent for apartments has grown 21% in the past twelve months, whereas single-family rentals have only increased by 1%.
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